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FINANCIAL TECHNOLOGIES OF TAX ADMINISTRATION

Автор: Sveta on .

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DOI: http://doi.org/10.31617/visnik.knute.2019(126)01

UDC 336.22
 
VOLOSOVYCH Svitlana,
Doctor of Economics, Professor at the Department of Finance,
Kyiv National University of Trade and Economics,
19, Kyoto str., Kyiv, 02156, Ukraine

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ORCID ID: https://orcid.org/0000-0003-3143-7582
 
VASYLENKO Antonina,
Candidate of Economic Sciences, Associate Professor at the Department of Finance,
Kyiv National University of Trade and Economics,
19, Kyoto str., Kyiv, 02156, Ukraine

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ORCID ID: https://orcid.org/0000-0003-2028-9748
 
CHUBAIEVSKY Vitaliy,
Candidate of Political Science, Associate Professor at the Department of Computer Science,
Kyiv National University of Trade and Economics,
Deputy Head of Information and Analytical Support Department,
Head of the Information Technology Development Department of the National Police of Ukraine, police colonel,
19, Kyoto str., Kyiv, 02156, Ukraine

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ORCID ID:https://orcid.org/0000-0001-8078-2652
 

FINANCIAL TECHNOLOGIES OF TAX ADMINISTRATION

Background. Applying FinTech’s achievements transforms taxation by providing new opportunities and creating specific challenges for tax authorities, taxpayers, govern­ments at the national and global levels.
Theanalysis of recent research and publications showed that despite the existence of certain scientific achievements further study of the problem of using financial techno­logies in the practice of tax administration is needed.
Theaim of the researchis definition of priorities of using financial technology tools in the tax administration system in conditions of digitalization processes strengthening in public administration.
Materials and methods. The works of domestic and foreign scientists on the tax administration and the use of financial technology tools in the tax area have become the theoretical and methodological basis for writing the article. The research was conducted using the methods of theoretical generalization, comparative analysis, analysis and synthesis.
Results. The tools of financial technology are the basis for overcoming tax admi­nistration problems. Big Data helps improve tax collection, risk assessment and anti-tax fraud. The application of artificial intelligence in the tax field allows to assess tax risks, control transfer pricing, identify types of tax behavior, automate the process of taxing com­plex taxes. The scope of application of block chain in taxation is consumption taxes, personal income tax, control over transfer pricing.
Conclusion. Financial technology tools can be effectively applied at all stages of tax administration and optimize the activities of all participants in tax relations. For taxpayers, financial technologies will help reduce paperwork and streamline accounting and reporting. For tax authorities, taxpayers’ business activity will be more transparent, tax risk assessment will be optimized and tax fraud detection opportunities will increase. This will increase the tax revenues to the state and local budgets, reduce corruption in the tax authorities.

Keywords: financial technologies, tax administration, block chain, artificial intelligence, big data, cryptocurrency.

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